KRS 76.272: Bonds of several construction subdistricts -- Purposes, effect.

(1) The district may issue for one or more construction subdistricts bonds to finance

construction of trunk, main, connecting sewers and any other facilities necessary to

which, directly or indirectly, connect one or more of such construction subdistricts

to either the district facilities or to a treatment plant, disposal plant, or outfall sewer

which also serves, directly or indirectly, at least one (1) other construction

subdistrict. Such bonds may also be used to finance construction of a treatment

plant, di sposal plant, or outfall sewer of the type described in the preceding

sentence.

(2) Bonds issued pursuant to subsection (1) shall be construction subdistrict obligations

for all construction subdistricts for which they are issued.

(3) Except as provided in this section, bonds authorized by subsection (1) shall be

governed by KRS 76.254 and 76.261. Such bonds shall be construction subdistrict

bonds within the meaning of paragraph (a) of subsection (3) of KRS 76.262. They

shall not be considered constructio n subdistrict bonds within the meaning of

subsection (6) of KRS 76.262.